Topic: [Open Letter] Altcoin exchanges have to be public or die. Updated List Inside (Read 4028 times)

Exactly,  they made this thread to point out possible scam exchanges but they end up looking suspicious instead.  They have no volume but wants 50 btc for their site and even removed their About Us page, what a joke lol....

EDIT : If you want to know more about us and our company please follow the link
> https://www.kingcoiny.com/index.php?page=about

So, what about you coinnext? YOU have launched this thread to figure out the "bad" and "good" exchanges.
Coinnext is selling is exchange and we have no real company behind it.

Thanks for the Exchange list, so its easier for newies to decide where to trade.

If anyone else hasn't noticed,  coinnext made this post to point out others as possible scams but failed to even refute any claims against them as a scam.  Coinnext seem to have ran off,  while kingcoiny is actually fighting for their good name.   

I tend to like this idea, but the lack of addressing "shady backroom going-ons" seems to limit its usefulness in my opinion. Frankly, the only surefire way of addressing this issue is not only with public accountability, but with a robust ability to audit these exchanges independently. That said, it's a start (although I'm surprised more people aren't taken aback from your inclusion of BTC-e in the untrusted section).

Based on your post I decided to take a look at HYPER. What I found was promises to make a space exploration game that uses HYPER as in game currency. The flaw in your plan is that you will pay the developers in HYPER to make the game. Do you have any idea what it takes to make a video game like this? Its going to cost you about a million dollars in salaries and take over a year to complete. Who in their right mind would take a worthless coin as payment on the assumption that it may be worth something in the future? I think the crypto world needs to be much more evolved before anything like this is possible. Maybe in 10 years something like this will work but not right now.

Chances are its a complete lie and a scam to get hype and increase value. Thing is, we don't fall for that anymore. That is why everyone automatically calls it a shitcoin or scamcoin.

It's not a shitcoin and I don't appriciate your arrogance. I have no patients left for those who believe the HYPER is anything but genuine, think whatever you want. It's pretty sad that there's so many scams in the crypto world that every alt coin is considered guilty until proven innocent. The fact that you would just assume it's a scam (nice try deleting your post btw) just lends credence to the idea that anonymity is bad for the crypto community. Forced transparency, not by some regulatory commission, but by the people, is what will keep cryptocurrencies relevent in the professional world. Arrogance, assumptions based on nothing more than a bad taste left by some of the scams in recent history, is not acceptable in a civilized discussion on the potential ramifications of complete transparency of cryptocurrency exchanges. Thanks for wasting five minutes of my life...

At least Coinnext have some kind of info on their about page. It could be better but I wouldn't say it's the worst!

Do like bittrex about page and you're golden.  

Coinnext has practically the worse about page.  The founders only States their names and built and sold btc start up but never names the company sold to verify or any personal or contact links or info.

Hi guys I'm Max Keiser and as you know I'm trustworthy so you don't need to know any info except for the fact that I'm Max Keiser so go ahead and shower me with crypto.   Don't worry,  I'm legit that's all you need to know.

Insert Google pic.

May I share with you my skipe ID in PM and make a call?
We'll fix soon our statement and we'll show you that we just had a bad launch.

The best,
Ben

Yesterday history repeat itself once more. The exchange ShareXcoin went abruptly offline and the owner went MIA, resulting in potential theft of hundreds of coins.. again. We had this before, Vircurex, Cryptorush, coinEX, and recently CoinOpend to just name a few.

And everytime the same reaction, a witch hunt for the alleged owner of said exchange. Apparently this community only cares about who safeguards their coins after that person scams you, this is logic 101 upside down.

This has to stop. No matter which coins you have allegiance with, no matter which exchange you use to trade on, this has to stop now.

If we want cryptocurrencies to move forward and thrive, its foundation has to be firm. Being able to trade your coin, any coin, in a secure and reliable way is a basic need that we can no longer take for granted.

The fact that we accept to trade our coins on exchanges that completely hide their identity behind a nickname on a public message board is undermining the professional growth the cryptocurrency world needs to thrive past this point.
Scamming exchanges are one most damaging things happening to cryptocurrencies. As long as we as a community keep supporting anonymous exchanges, run by some nicknames (no matter their "seniority" cfr. Tradefortress), we allow them the option to simply close down their exchange and run with all our coins.

For this I want to call upon the altcoin community, and DEMAND from your exchange to out themselves in public or CEASE TRADING at their exchange.
This will result in having overall good (with at least the intention to run it professionally) exchanges left, while weeding out the bad ones, the ones that simply do not care about anything but profit, and have zero inclination to help altcoins and this community forward.

Now, some of those anonymous exchanges have some liquidity in certain markets, so I realise the challenge for abandoning those. Yet please understand that we are often times supporting a ticking time-bomb, which potentially will blow up both our coins as the community's reputation.

A list of altcoin exchanges that are currently run by nicknames, and where the community should either demand public outing from or avoid trading on.
If an exchange is listed here, it means it's unclear who operates the exchange, either the people or the company behind it. If this is unintentional, take this as a wake-up call to add proper reference of this information on your site.

- Mcxnow - This exchange has scammed its users before, by pumping its own shares and then suddenly close down out of nowhere. This is just one of the many incidents their anonymous owner gets away with by just being a nickname.

- AllCrypt - No information found.

- BTC-E - People have traced them back to a bunch of holding companies in UK/Europe, but it's setup like a maze and unknown who is behind BTC-E.

- Poloniex - For the well informed it is known a certain "Tristan D’Agosta" is behind the nickname "busoni". Still there is no information on their site. I believe his intentions are good, but his current transparency efforts are just insufficient.

- C-CEX - No information found.

- DGex - Part of a company incorporated in Panama, no further info. This is just insufficient.

- AllCoin - Mention that they are a company, but no further details.

- EuropEx - No information found.

- UseCryptos - No information found.

- Comkort - No information found.

- Coins-e - No information found.

- Swisscex - No information found.

- Palth - No information found.

- Kingcoiny - No information found.


And last but not least, a list of exchanges who operate in a transparent matter, we should only trade on those exchanges:

- Mintpal - Company registration on /about page.

- Bittrex - Founder bios on the /about page

- Coinnext - Founder bios on the /about page

- Atomic-Trade - Company info clearly on their website

- Bleutrade - Founder bios on the /about page

- Swaphole - Company info on their site

- Bter - Company info on their site

- Cryptsy - Company info/Founder info clearly on their website

If I missed an exchange, send me a message and I will update the list accordingly.

I've read it and that's why I'm asking for links but you keep refraining to do so.   Even your info doesn't say much such as company names, the only info given was just your names but even that could be fake.  I could easily Google pics and say hi I'm max keiser and I'm legit so use my site too. 

Have you actually been to Coinnext? https://coinnext.com/about has been there since launch.